Their business has a contract with Sam's Club to do a fairly substantial amount of work and their business is looking for a loan up to $100k so they can complete the contract.  

Maybe it would make sense just to rent it out for a year or so...to offset your costs  and save some $ by paying less to Uncle Sam...

Hi Sam,I'm no expert, but I've bought 60 apartments in two transactions and am working on two other deals right now.

@Sam Jones Our model is as follows:  Buy for $1,000.00 and sell for $2,000.00.  

Any insight would be great.Thanks,Sam

Where do you think all of that money goes that Uncle Sam spends?

======================Coop Assignment is simply this.You Find Sam Seller, He HAS to move and wants a better deal than paying a property manager.You, Ivan Investor are the MASTER TENANT BUYER.You LO from Seller.Your job is to WORK WITH, not AGAINST the Seller to help him place a RTO Solution on his house.You find a TBer with 3% down cash or cash + note.You inflate the home sales price by 3%.Seller is still getting all his money (similar to Seller creating a note, and selling a note at a discount.You are principal in the transaction, first as a lessee-optionee, than as an assignor.RECAP:You LO w seller.You cooperate with seller, not adversarial.You find the TBer, you walk through the house, preferably vacant.Avoid the Seller at all cost.Close with an attorney, preferably at the attorney's office w the TBer.Then YOU ARE OUT OF THE DEAL.Negatives: No back end profitPositives: No guarantees of paid rent or minor maintenance.

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Cheers,-Sam

@Sam Craven and @Donna T. that's some great advice.